成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

訂閱

多平臺(tái)閱讀

微信訂閱

雜志

申請(qǐng)紙刊贈(zèng)閱

訂閱每日電郵

移動(dòng)應(yīng)用

專欄 - 從華爾街到硅谷

中資企業(yè)美國上市碰壁

Dan Primack 2013年02月19日

Dan Primack專注于報(bào)道交易和交易撮合者,從美國金融業(yè)到風(fēng)險(xiǎn)投資業(yè)均有涉及。此前,Dan是湯森路透(Thomson Reuters)的自由編輯,推出了peHUB.com和peHUB Wire郵件服務(wù)。作為一名新聞工作者,Dan還曾在美國馬薩諸塞州羅克斯伯里經(jīng)營一份社區(qū)報(bào)紙。目前他居住在波士頓附近。
計(jì)劃在美國上市的易傳媒成為中美會(huì)計(jì)跨境監(jiān)管僵局的最新犧牲品。因?yàn)橹忻来嬖诜制纾蟹骄芙^向美方監(jiān)管機(jī)構(gòu)提供四大中國分支機(jī)構(gòu)的審計(jì)文件,導(dǎo)致它們的客戶公司提交的財(cái)務(wù)文件得不到美國證監(jiān)會(huì)的認(rèn)可,赴美上市計(jì)劃被迫擱淺。如果打不開僵局,中國公司赴美上市的路子基本就被堵死了。

????籌得逾3,000萬美元的風(fēng)投資金后,中國在線廣告平臺(tái)公司易傳媒(AdChina)去年申請(qǐng)?jiān)诩{斯達(dá)克上市。但易傳媒近日承認(rèn),公司不會(huì)在納斯達(dá)克或任何其他美國證券交易所上市。原因并不是因?yàn)橥顿Y者對(duì)該公司股票沒有興趣或任何公司丑聞,而是因?yàn)槊绹椭袊鹑诒O(jiān)管機(jī)構(gòu)之間目前存在分歧。

????簡而言之,由于擔(dān)心可能的欺詐行為,美國證券交易委員會(huì)(SEC)目前不認(rèn)可四大審計(jì)事務(wù)所旗下中國分支機(jī)構(gòu)的審計(jì)工作。美國證券交易委員會(huì)已表示,如果它可以審查相關(guān)審計(jì)工作的底稿,則可以接受這些機(jī)構(gòu)的審計(jì)結(jié)果。但中國監(jiān)管機(jī)構(gòu)稱,中國法律禁止傳播這樣的文件。據(jù)信,中美雙方正在幕后就這一僵局展開談判,雖然美國證券交易委員會(huì)去年12月還對(duì)四大審計(jì)事務(wù)所的中國分支機(jī)構(gòu)提起訴訟,指控后者涉嫌違反美國證券法。

????與此同時(shí),總部設(shè)在上海的易傳媒等公司則成為了犧牲品。這家公司聘用普華永道(PricewaterhouseCoopers)中國附屬公司為其會(huì)計(jì),意味著它不能得到美國證券交易委員會(huì)頒發(fā)的有效登記聲明。因此,從法律上而言,易傳媒就無法完成美國IPO。

????金沙江創(chuàng)業(yè)投資(GSR Ventures)聯(lián)席創(chuàng)始人林仁俊解釋稱:“對(duì)于任何希望在美國上市的中國公司而言,這都是一個(gè)問題?!绷秩士⊥瑫r(shí)也是易傳媒的董事。

????林仁俊不愿透露易傳媒的下一步計(jì)劃,但似乎暗示后者可能會(huì)在亞洲其他地方上市。

????他解釋說:“第二個(gè)問題是,許多決定中資企業(yè)全球募資計(jì)劃的決策者已經(jīng)轉(zhuǎn)移到香港。我聽到的反饋是,他們一些人發(fā)現(xiàn)在香港上市更便捷?!?/p>

????風(fēng)險(xiǎn)基金支持的中資企業(yè)赴美上市的高峰期是2010年,當(dāng)年就有28家中資企業(yè)在美國上市。到2011年,這一數(shù)字的降幅超過一半。到2012年,僅有2家中資公司赴美上市。除非這個(gè)爭議能得到解決,否則不要指望2013年有任何中資企業(yè)會(huì)赴美上市。(財(cái)富中文網(wǎng))

????譯者:默默

????Chinese online advertising platform AdChina last year filed to go public on the Nasdaq, after having raised more than $30 million in venture capital funding. Yesterday, however, the company acknowledged that it won't have an IPO celebration at Nasdaq or any other U.S. exchange. Not because of investor interest or company scandal, but rather because of an ongoing battle between American and Chinese financial regulators.

????Here's the situation in a nutshell: The Securities and Exchange Commission currently will not recognize work done by the Chinese affiliates of Big 4 auditing firms, due to concerns over possible fraud. The SEC has said it would accept the audits if it could review the underlying work product, but Chinese regulators say that their laws prohibit the dissemination of such documents. The impasse supposedly is being negotiated behind the scenes, although the SEC also sued the Big 4's Chinese affiliates last December for allegedly violating U.S. securities laws.

????In the meantime, companies like Shanghai-based AdChina are becoming collateral damage. It uses a Chinese affiliate of PricewaterhouseCoopers for its accounting, which means that it cannot get its registration statement made effective by the SEC – thus legally preventing it from completing a stateside IPO.

????"This is a problem for any Chinese company that wants to list in the United States," explains Richard Lim, co-founder of GSR Ventures and an AdChina board member.

????Lim declined to say what AdChina plans to do next, but did seem to hint at a listing elsewhere in Asia.

????"A secondary issue is that many of the decision-makers on Chinese companies for the global investment funds have moved to Hong Kong, and I've heard feedback that some of them have an easier time committing to Hong Kong listings," he explains.

????The peak for VC-backed Chinese IPOs in the U.S. was 2010, when there were 28 such offerings. The figure dipped to less than half of that in 2011, and just two in 2012. Until this conflict gets resolved, don't expect any in 2013.

我來點(diǎn)評(píng)

  最新文章

最新文章:

中國煤業(yè)大遷徙

500強(qiáng)情報(bào)中心

財(cái)富專欄

日韩免费A级毛片无遮挡无码| 内精品人妻无码久久久影院| 无码人妻熟妇AV又粗又大| yy11111少妇无码蜜桃视频| 亚洲国产欧美在线人成精品一区二区| 日本一道久久精品国产| 国色天香天天影院综合网| 蜜色欲多人AV久久无码| 国产又黄又爽又色又刺激视频| 久久毛片基地全免费的| 午夜福利亚洲第一| 成人国产精品一区二区免费| 精品国产乱码久久久久久1区二区| 国产偷亚洲偷欧美偷精品| 国产成人综合亚洲欧美在线n| 久久精品国产亚洲AV大全| 最近最新中文字幕视频| AV无码片一区二区三区| 亚洲不卡av不卡一区二区| 伊伊人成亚洲综合人网7777| 午夜A理论片在线播放| 国产精品91在线播放久| 免费无码又爽又刺激一高潮| 特黄特黄特色大片免费观看| 国产成人久久精品二三区无码| 国产精品亚洲色婷婷99久久精品| 日本高清视频中文无码不卡| 免费午夜伦费影视在线观看| 亚洲成a人片在线观看久| 亚洲v国产v天堂a无码二区久久| 东北女人毛多水多牲交视频| 九九99久久精品国产按摩| 做受视频国产免费观看| 无码一区二区三区免费| 无码性午夜视频在线观看| 久久无码人妻丰满熟妇区毛片| 国产欧美日韩在线一区二区不卡| 日韩人妻无码肉v视频| 亚洲尹人香蕉网在线视颅| 极品少妇被猛的白浆直喷白浆| 亚洲av无码专区国产不乱码|